Correct option is B
The British East India Company lost all its administrative powers in 1858 following the Revolt of 1857. This major uprising exposed the inefficiency of the Company’s rule. As a result, the British Parliament
•The British East India Company had been ruling India since the 18th century but its rule was marked by corruption, mismanagement, and repressive policies.
• India came under the rule of Queen Victoria (British Crown).
• A Viceroy replaced the Governor-General as the top official in India.
• The first Viceroy of India was Lord Canning.
• The British Crown took over legislation, revenue, and military powers.
• The British East India Company was officially dissolved by the Companies Act 1874.